HMRC’s guidance on reasonable excuses for late tax payments updated
It should perhaps be no surprise given the circumstances of the pandemic that individuals and businesses might have incurred penalties for late tax payments.
More investors are choosing sustainability-focused firms
Annual investment in companies with goals to tackle climate change has quadrupled since 2018.Continue reading
Late filing penalties waived for one month to give taxpayers more time to prepare 2020/21 tax return
Late filing and late payment penalties will be waived for one month to give taxpayers more time to prepare their 2020 to 2021 Self Assessment tax return, it has been announced.Continue reading
HMRC hikes late payment interest rates
The rate of interest charged on late payments by HM Revenue & Customs (HMRC) has increased, it has been announced.
Did you open presents or submit tax returns on Christmas?
According to HM Revenue & Customs (HMRC), over 31,000 Self Assessment tax returns were submitted between Christmas Eve and Boxing Day.
Outdoor markets and marquees to be made permanent in boost for hospitality sector
Temporary legislation permitting outdoor markets and marquees will be made permanent, the Government has confirmed.
Crackdown on rogue directors who dissolve companies to avoid paying debts
The Government has launched a crackdown on bosses who dissolve their companies to avoid paying their liabilities, with rogue directors facing disqualification for up to 15 years or even prosecution.
Coronavirus: self-certification period temporarily extended
As of 17 December 2021, there has been a temporary shift to the self-certification period regarding Statutory Sick Pay (SSP).Continue reading
Wine among goods and services to become cheaper to import from January 2022
Certain goods and services will become cheaper to import from around the world after 01 January 2022, it has been announced.Continue reading
The Christmas gift allowance: how it works
If you are planning on treating staff this Christmas, here’s a brief guide to the tax rules for the 2021/22 financial year.
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